ShipsFocus is appointed as a SEEDS Capital (an investment arm of Enterprise Singapore) maritime co-investment partner, and collaborates with Quest Ventures to start up a maritime fund to invest in promising maritime startups. ShipsFocus-Quest Ventures is among total six such SEEDS Capital partners including venture arms of conglomerates PSA and Kuok.

In a joint press release, Mr Ted Tan, Chairman of SEEDS Capital and Deputy CEO of Enterprise Singapore said, “As a global hub for trade and connectivity, we have continually leveraged technology and innovation to develop and facilitate efficient, resilient and secured trade flows. We look forward… to harness their expertise and networks to further strengthen Singapore’s innovation and startup ecosystem.”

Mr Chye Poh Chua, our CEO and Venture Partner at Quest Ventures said, “We are delighted to be an appointed investment partner with SEEDS Capital in driving digitalisation and innovation in the maritime-tech industry.”

https://www.businesstimes.com.sg/garage/seeds-capital-and-six-partners-to-invest-s50m-in-maritime-startups